Square

Square is continuing to make its bid to capture the payments of small businesses around the world, as well as tap into the momentum of peer-to-peer payments products with Square Cash, as its payments volume continues a steady and methodical rise — though, Wall Street still seems a little skeptical today as the stock is down slightly. Read More

Square is expanding its hardware lineup with a new point-of-sale device called the Square Register.
Square’s Head of Hardware Jesse Dorogusker explained that while the company’s existing products incorporate existing hardware (the Square Stand, for example, turns an iPad into a POS stand), the Square Register is “totally integrated — our hardware, our software, all in… Read More

There’s been a lot of questions about whether or not Square aspires to become a bank. Now that speculation can be laid to rest. Square will file an application to become an industrial loan company (also referred to as industrial banks) with the Federal Deposit Insurance Corporation. Read More

Global payments processing company PayPal announced this morning that it has agreed to acquire Swift Financial, which provides small business owners with working capital. Terms of the deal were not disclosed, but the acquisition will give PayPal better tools to expand its own Working Capital product. Read More

Square, the payments processing company founded by Jack Dorsey, reported its second quarter earnings after the bell on Wednesday. After beating expectations, the stock quickly went up 4% in initial after hours trading.
Square reported revenue of $552 million, when analysts were forecasting $536 million. It’s also up 26% from the same period last year.
The company still lost money at… Read More

Washington, D.C. has taken a step to help the city’s taxis remain relevant and compete with ride-hailing apps like Uber and Lyft. As of August 31, 2017, all taxi drivers in the city will have to make the switch from the old meters we all know and hate to new digital meters with payments powered by Square. Read More

Square, led by CEO Jack Dorsey, has released its first diversity report, which, not surprisingly, looks very similar to the below-par numbers of other tech companies. But, unlike other tech companies, Square does not “subscribe to a ‘pipeline’ excuse,” the report states. Read More

Latest Crunch Report

Square, the payments company founded and run by Jack Dorsey, released its quarterly financial results for the first quarter after the bell on Wednesday. The company beat expectations, bringing in $462 million in revenue, when investors were forecasting $451 million. This is a 22 percent increase from the same period last year. Read More

Yik Yak co-founders Tyler Droll and Brooks Buffington published a farewell note to users on Friday, announcing they would shut down their once-popular anonymous social network this week. The app allowed people to connect with other users within a certain radius, and was widely marketed in and used on college campuses. Read More

Almost a year after setting up a UK business entity called Squareup Europe, today the payments company Square is officially opening up for business in the UK, marking its first move into Europe and its fifth country after Canada, Japan, Australia and its home market in the US, with a service that turns ordinary smartphones and tablets into point-of-sale payments devices. Brexit and all… Read More

While Twitter continues to struggle as a public company, Jack Dorsey’s other business seems to be doing pretty well. Today payments company Square announced earnings, beating the street with a narrower loss than expected — $0.04 per share — on revenues of $452 million for the fourth quarter 2016. Read More

Twitter co-founder and CEO Jack Dorsey spoke on stage with COO and CFO Anthony Noto at the Goldman Technology Conference in San Francisco on Wednesday. The leaders of the social media giant reiterated Twitter’s mission as a real-time information platform and spoke of its latest accomplishments, but also talked about the challenges of growing what is already a widely-used site.
“We… Read More

Square has a new approach to retail customers it’s launching today, with a brand new Square Retail app that complements a comprehensive backend package of tools that include complete coverage of inventory management, customer relationship management and employee tools.
The new offering is designed to really provide a next-level retail solution for merchants and shop owners who need… Read More

Square partnered with Apple for a promotion when customers use Apple Pay. Starting today, Square merchants won’t pay any processing fee for the first $12,000 in Apple Pay transactions — that represents around $350 in fees.
In addition to this promotion, sellers can also get a free marketing kit (with Apple Pay stickers probably) and training materials to tell employees how Apple… Read More

While Jack Dorsey’s other company Twitter might be struggling, Square continues on a roll that’s keeping Wall Street happy.
There’s going to, as always, be a big question mark for Square because of Dorsey’s tenure at Twitter — which is hardly going well. While the company’s latest quarter showed a flash of optimism, the company’s efforts to close a… Read More

Many of us have tried new services, like online food ordering, subscription meals and signing with your finger on a tablet-based point-of-sale system; but the reality is that we are still in the early phases of restaurant industry disruption. I believe that’s about to change. Read More

You’ve likely seen the headlines about consumer frustration with the transition to EMV payment cards in the U.S., most of which centers around how long the payments take versus good old-fashioned swiping. Those of us living in countries where EMV has been a fixture for a while might just shrug at this, but not Square: It’s focused on cutting transaction times to alleviate… Read More

Here’s a cool feature from Square Cash – the company launched a virtual card product yesterday, which gives every user a virtual Visa debit card number that they can use to spend their balance anywhere that accepts Visa.
This means that you could spend your Square Cash balance on Amazon (or any online shopping site) by simply entering this virtual card number as a payment option. Read More